BOE Report

Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Total consideration for the transaction includes $600 million in cash, a variable payment with a maximum cumulative value of $600 million expiring after two years, and Cenovus’s 35% position in the undeveloped Bay du Nord project offshore Newfoundland and Labrador. The transaction has an effective date of May 1, 2022 [Read more]

Prairie Provident updates 2022 capital budget and non-core disposition process

CALGARY, Alberta - Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce an update to its 2022 capital budget and non-core disposition process. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer, commented: “Given significantly higher oil and natural gas prices, PPR has chosen to pivot our second half 2022 capital program toward non-core reactivations, recompletions and optimization projects to maximize [Read more]

Shell Plc First Quarter 2022 Euro and GBP equivalent dividend payments

The Board of Shell plc (“Shell”) today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2022 interim dividend, which was announced on May 5, 2022 at US$0.25 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by June 7, 2022 will be entitled to a dividend of [Read more]

International Petroleum Corporation announces increase to the price range under its substantial issuer bid

TORONTO - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has amended the terms of its previously announced substantial issuer bid (the Offer) to purchase for cancellation up to CDN$128 million (equivalent to approximately US$100 million and SEK 990 million as at the date of the Corporation's announcement of its intention to commence the Offer) of its common shares (Shares) in order to increase the price range at which [Read more]

Cardinal Energy Ltd. announces monthly dividend for June

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) confirms that our dividend of $0.05 per common share will be paid on July 15, 2022 to shareholders of record on June 30, 2022. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its Environmental, Social and Governance profile [Read more]

NuVista receives TSX approval for normal course issuer bid and announces credit facility renewal with sustainability linked performance features

CALGARY, Alberta - NuVista Energy Ltd. (TSX:NVA, "NVA" or the "Corporation") announces that the Toronto Stock Exchange (the "TSX") has approved the commencement of a normal course issuer bid (the “NCIB”) and the renewal and extension of the Corporation’s $440 million credit facility; which has been amended to include the incorporation of sustainability linked performance targets and hence converted into a sustainability linked loan (the “SLL Credit Facility”). Normal Course Issuer [Read more]

National campaign promotes responsible energy made the Canadian way

Calgary, Alberta - A new marketing campaign aims to build national confidence in how oil and gas is produced in Canada by presenting Canadians with a label of origin for an energy sector they can be proud of. The Made the Canadian Way campaign, launched this week by the Canadian Energy Centre (CEC), is focused on giving people across the country the answers they are seeking for how domestic energy producers are meeting the high environmental, social and governance (ESG) performance standards [Read more]

TC Energy welcomes Cheryl Campbell as new independent director

CALGARY, Alberta - News Release - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) is pleased to announce the appointment of Cheryl Campbell as a new independent director to the Board of Directors effective June 7, 2022. Ms. Campbell brings extensive experience in the midstream energy sector, with expertise in operations in both regulated and unregulated environments, as well as in sustainability and risk management. She previously worked as a Senior Vice-President of Xcel Energy, Inc. [Read more]

PrairieSky Royalty declares quarterly dividend

CALGARY, Alberta - PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.12 per common share, payable in cash on July 15, 2022 to shareholders of record on June 30, 2022.   This dividend is designated as an “eligible dividend” for Canadian income tax purposes. About PrairieSky Royalty Ltd. PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its [Read more]

Correction: Election to Equinor’s board of directors

In a meeting in the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) on 7 June 2022 Michael D. Lewis was elected as new member to Equinor’s board of directors and Anne Drinkwater was elected as deputy chair of the board of Equinor ASA. Furthermore, the corporate assembly re-elected Jon Erik Reinhardsen as chair of the board in addition to re-election of Anne Drinkwater, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Jonathan Lewis, Finn Bjørn Ruyter and Tove Andersen as [Read more]